Hayal Ayca Simsek

Hayal Ayca Simsek

Visiting Research fellow

Hayal Ayca Simsek graduated from Public Finance Department of the Faculty of Economics and Administrative Sciences in Dokuz Eylul University in 1995 and she started working as a research assistant in Public Finance Department in 1996. Starting her master education in 1995, she completed this process in 1997 by presenting her master thesis namely ‘Alternative Fiscal Policies in Determining the Limits of Government’. Hayal Ayca Simsek started doctorate process in 1998 and completed this process in 2003 by presenting her doctoral thesis namely ‘Constitutional Economics As An Alternative for Achie

Staff's Publications

April 5, 2016

Energy Investments in Kazakhstan: Plans for 2016

The economy of Kazakhstan faced with the challenge of adjusting to the oil price shock in 2015. With the oil price forecast of 40 dollar per barrel, the real economic growth rate is expected to be 2.1% in 2016. However, since 2015 the Government of Kazakhstan has been implementing a […]
February 9, 2016

A Brief Look at the Fiscal Management of the Economy of Turkmenistan

Among the Central Asian countries, Turkmenistan has grown significantly due to the high amount of natural resources, mainly hydrocarbons. After the breakup of the Soviet Union, having great natural gas deposits, Turkmenistan improved its economy by implementing structural reforms. However, since 2014, like the other Central Asian countries, Turkmenistan has […]
February 4, 2016

A Brief Analysis of Pakistan Economy in the Context of Regional Developments*

Pakistan has an important geographical position for Central Asia. Not only the geographical position but also the common social and religion ties between Pakistan and most of the other Central Asian countries have been important factors that help Pakistan to increase collaboration with the other region countries. However, like most of […]
December 8, 2015

Shifting to Inflation Targeting Strategy in Kazakhstan’s Economy

Theoretically, inflation targeting (IT) is a monetary policy strategy which is characterized by public announcement of official quantitative targets for the inflation rate over one or more time horizons and by explicit acknowledgement that low and stable inflation is the primary long-run goal of monetary policy. All IT strategies implemented […]
October 15, 2015

The Relation Between Financial Instability And Income Inequality In China

In the Chinese economy, high income which has caused an inequality in welfare distribution has led the economy to transfer from a centrally-planned economy to an increasingly market-oriented economy. The high degree of inequality in the Chinese economy results from mainly real factors such as rapid trade integration, technology, human […]
September 20, 2015

Implementation of the Fiscal Policy in the Economy of Kazakhstan in 2015

Kazakhstan, like the other Eurasian countries, has been hit by large external shocks such as low oil prices and slowdown in Russian and Chinese economies. Kazakhstan’s real GDP growth rate reduced from 6% (five-year average) to 1.5% due to reduced domestic demand in 2015. Besides, after the 2009 and 2014 […]
May 26, 2015

Prospects on Financial Sector in Kazakhstan

Kazakhstan is one of the most successful transition countries that achieved to move to free market economy from centralized economy. Kazakhstan entered into the period of economic revival after the widespread reforms in mid-1990s. Despite 1998 Asian crisis, the government implemented specific measures including trade protection and foreign exchange rationing. […]
January 20, 2015

Observations On Economy And January 2015 Devaluation In Turkmenistan

Turkmenistan economy can be regarded as partly affected by 2008 global financial crisis due to limited degree of integration to international financial markets. An explosion at a pipeline caused a drop in the volumes of gas imported by Russia in 2009 but as Turkmenistan owns considerably high volumes of natural […]
December 22, 2014

Observations on the Kazakh Economy After February 2014 Devaluation -1

Both developed and developing countries have accepted free market economy and according to free market rules, they have implemented open economic policies during globalisation process. As one of the developing countries, Kazakhstan also adjusted to this process. Kazakhstan is the most successful country that has adjusted her economy to free […]